Q1 GDP was negative 1.4%. I believe we are in for some interesting times - QE winding down, 7-8 interest rate hikes, wild inflation. Card market is already contracting (broadly, doesn't mean what you collect is).
Personally I won't be making any big card or other consumer purchases, highly suspect there be many folks caught naked (over leveraged) when this tide goes out. Toys will be going on sale soon.
|